Volkswagen warns of deeper cuts as first quarter profit slides - Reuters
Volkswagen warns of deeper cuts as first quarter profit slides Reuters
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"The cost reductions planned so far are not enough."
— Arno Antlitz , Executive
"Wars, geopolitical tensions, trade barriers, tighter regulation, and intense competition are creating headwinds."
— Oliver Blume , Executive
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<a href="https://news.google.com/rss/articles/CBMilwFBVV95cUxNLVBfV29PX1ZNMl9INWFEUmVLYXZRdG5TQ1BrV291aURTSWdnVThZZFpmcW5VY1BOV2VKY2Vqc1VYanBqeFJwZENfVGdmazFyZ0M3TDdnMFJacWVlZ0hZMWNLWGZWdzFLdUZkMHNaWGdobFFBOXFRNEIwUi04RTN3MXVPcXRYTmtUUE5WQkk1OV9TVFlkU1Zv?oc=5" target="_blank">Volkswagen warns of deeper cuts as first quarter profit slides</a> <font color="#6f6f6f">Reuters</font>
Volkswagen reported a 14% decline in operating profit for the first quarter, citing tariff pressures, geopolitical uncertainty, and competition from Chinese brands.
Volkswagen's net profit fell 28% in the first quarter, prompting the company to signal deeper cost cuts to secure its future amid market challenges.
Volkswagen's first-quarter operating profit declined by 14%, leading the company to call for a fundamental overhaul to address ongoing challenges.
Volkswagen's first-quarter operating profit fell 14.3% year-on-year to €2.5 billion, impacted by higher US tariffs and competition from Chinese carmakers.
Volkswagen's net profit slid 28% in the first quarter, leading the company to warn of the need for further cost cuts to secure its future.
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